30/07/2026
๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐๐ข๐ฏ๐๐ฌ ๐๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐
๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง: ๐๐ก๐ ๐๐๐๐๐๐ฌ๐ก ๐๐ญ๐จ๐ซ๐ฒ
Access to capital can change the course of someone's life. But for many women in Malaysia, getting that opportunity has never been straightforward.
That's the gap Nuraizah Shamsul Baharin set out to solve through MADCash, Malaysia's first fintech platform built specifically for women micro-entrepreneurs.
Built on the Islamic finance principle of Qard Hasan, MADCash provides zero-interest microfinancing alongside entrepreneurship programmes, business training, and an online academy. Its mission is to help women build sustainable businesses and achieve financial independence.
Since launching in 2020, MADCash has grown from a RM3,000 pilot supporting three women into a platform that has disbursed over RM4 million, trained more than 1,500 women, and funded 1,500 micro-businesses across all 13 states in Malaysia.
Today, it has also expanded into Singapore and Tajikistan.
By combining access to financing with education and mentorship, MADCash is addressing a longstanding gap faced by women entrepreneurs who are often underserved by traditional financial institutions.
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Building MADCash wasn't easy. Because the platform offers zero-interest financing, many investors questioned whether the model could be financially sustainable.
However, that changed when Aizah won an award in Dubai, giving MADCash greater visibility and opening conversations with investors. Along the way, she refined the business model while staying true to its mission of serving underserved women entrepreneurs.
Those lessons helped MADCash secure funding without compromising the values it was built on.
๐๐ก๐ฒ ๐๐ซ๐ญ๐๐ฆ ๐๐๐ง๐ญ๐ฎ๐ซ๐๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐๐ ๐ข๐ง ๐๐๐๐๐๐ฌ๐ก
Aizah's journey with Artem Ventures started with a conversation. After meeting Artem Ventures' Partner, Tunku Omar Asraf and sharing the vision behind MADCash, he found the company and its mission compelling.
Aizah later invited him to an event where MADCash was showcasing its work, giving him the opportunity to see firsthand how the company was creating impact. From there, the conversation continued, and the partnership began to take shape.
"This is what financial inclusion at scale looks like. MADCash provides zero interest microfunds to women entrepreneurs who are unbanked or underbanked, a segment that traditional financial institutions have long overlooked.
This addresses a real credit gap not just in Malaysia, but across the broader SEA region," says Tunku Omar Asraf, Partner, Artem Ventures.
The journey is far from over. As MADCash continues to grow, Aizah is currently raising funds to bring its model to more women entrepreneurs who need access to capital, support, and opportunities to grow sustainable businesses.
To learn more about MADCash or connect with Aizah, reach out to her on LinkedIn.
